As per U.Today's analysis, Solana faces resistance around the $140 mark, closely tied to the 100-day Exponential Moving Average. Currently, there's a standoff as Solana strives to maintain its position amidst downward pressure. However, the lack of significant buying activity suggests a potential price decline, indicating traders' hesitancy to enter the market. Despite an uptick in trading volume, the prevailing bearish sentiment may imply increased selling rather than genuine interest. Chart analysis indicates a possible drop to $107 if Solana fails to hold above its current level, while a successful rally could target $165, a previous resistance level.

$SOL